Question 20 Chapter 2 of +2-B – USHA Publication 12 Class

Question 20 Chapter 2 of +2-B

Question 20 Chapter 2 of +2-B

Common Size Balance Sheet

20. Prepare a common size statement of Profit and Loss.

 

Particular 31st March 2016 ₹ 31st March 2015 ₹
I. Income    
Revenue from Operation 7,00,000 5,00,000
Other Income 50,000 30,000
Total Revenue 7,50,000 5,30,000
II. Expenses    
Purchases of Goods 4,00,000 3,50,000
Employees Benefit Expenses 1,20,000 80,000
Other Expenses 40,000 10,000
Total Expenses 5,60,000 4,40,000
III. Net Profit Before Tax (I-II) 1,90,000 90,000

 

 

The solution of Question 20 Chapter 2 of +2-B: – 

 

Comparative Balance Sheet of Sun Ltd.
Particulars
Note no. 31st March,
2015
(A)
(3)
31st March,
2016
(B)
(4)

Percentage
Change

(Increase
/Decrease)

Percentage
Change

(Increase/
Decrease)
I. Income          
Revenue from Operation   5,00,000 7,00,000 100.00% 100.00%
Other Income   30,000 50,000 6.00% 7.14%
Total Revenue   5,30,000 7,50,000 106.00% 107.14%
II. Expenses          
Purchases of Goods   3,50,000 4,00,000 70.00% 57.14%
Employees Benefit Expenses   80,000 1,20,000 16.00% 17.14%
Other Expenses   10,000 40,000 2.00% 5.72%
Total Expenses   4,40,000 5,60,000 88.00% 80.00%
III. Net Profit Before Tax (I-II)   90,000 1,90,000 18.00% 27.14%

 


To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 20 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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